Description
The Advance/Decline study is a technical indicator calculating several values based on advance/decline analysis performed on data provided by specified market.
- Advance/Decline Line. Indicates the cumulative sum of differences between the number of advancing stocks (advances) and declining stocks (declines).
- Advance/Decline Line (Breadth). Calculates the ratio of advances to the overall number of stocks.
- Advance/Decline Line (Daily). Calculates ratio of difference between the number of advances and declines to the overall number of stocks.
- Advance/Decline Ratio. Calculates the ratio of advances to declines.
- Advance/Decline Spread (Issues). Calculates the difference between advances and declines.
- Absolute Breadth Index. Returns the absolute value of Advance/Decline Spread.
Input Parameters
| Parameter | Description |
|---|---|
type
|
Defines which analysis technique is applied. |
exchange
|
Defines the market providing the advance/decline data. |
Plots
| Plot | Description |
|---|---|
AD
|
The Advance/Decline plot. |
LevelLine
|
Defines a base level for each analysis technique. It is equal to zero for Advance/Decline Line, Advance/Decline Line (Daily), Advance/Decline Spread (Issues), and Absolute Breadth Index; 0,5 for Advance/Decline Line (Breadth); 1 for Advance/Decline Ratio. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.
Past performance is no guarantee of future performance.